Russia’s international reserves fall to $749B in March

Russia’s international reserves fell 7.45% in March from the previous month to $749 billion, according to data released by the country’s central bank on Tuesday.

The Russian central bank said the country’s international reserves stood at $749 billion as of April 1, down 7.45% compared with March 1.

International reserves consist of foreign currency assets, gold and other reserve assets managed by the Russian central bank and the government.

Western countries froze access to roughly half of the Russian central bank’s reserves following the war in Ukraine.